new very bright Pakistani colleague at my firm, his comments
he grew up in Karachi, Pakistan
at age 14, he moved to Riyadh, SaudiArabia
he is a software specialist
fluent English and Urdu
Urdu shares words and phrases with Hindi spoken in India
but Urdu uses the Arabic alphabet, while Hindi has its own separate alphabet altogether
very bright, good sense of humor, and he laughs at my jokes
he has taught me some software features within MS Office
I have shown him software features in other stat packages
he has family in SA and relatives in Pakistan
his comments
Arabs and East Asians sense danger, and now want money close to home
they may distrust the US now, but a bigger issue is being safe
and having money and assets close to home demonstrates seeking safety
they conduct trade much more with Europe than USA
commerce from US focuses on InfoTech and automobiles
as well as petroleum consulting
they are slowly migrating their money to European banks
and slowly acquiring more EuroBonds
Saudi Arabia and most of the Arab world loves gold
they have always preferred gold to paper money
but they were suckered into buying USTBonds in the 1970's
it was a "deal made with the devil" to promote peace and goodwill
to reinvest the petrodollars
that is now coming to an end
they now have an "excuse" to back away from US investment of petrodollars
whether they are responsible or not for terrorism doesnt matter
they will now begin to accelerate reflow of petro$'s to Europe
Saudi Arabia has small mountains in the south
it contains gold, as yet unmined, not a widely known fact
China is becoming a nuisance neighbor
it borders Pakistan at Kashmir
China wants to become an influential diplomatic partner
but they really want to get involved, so as to bully
and to extend their influence and shadow
poverty is rampant in India, Pakistan, Afghanistan
desperate people do desperate things
he has been in the USA for almost 10 years
he loves his freedom and income potential
he thinks Michael Jackson is a product of alien reproduction
fwiw / jim |
